Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: StockOperator who wrote (34434)	10/31/2000 11:07:43 PM
From: StockOperator	Read Replies (1) of 42787

Today's trading capped off a very volatile month. The overall downtrend in the market has become more apparent with all the favorite sons coming under pressure (opticals, networking and biotech). As of now, the status quo remains in force - intermediate term bearish; long term bullish for most stocks and indices. My basic approach to this upcoming month will be to keep in mind that these two trends are converging on one another. That downward trend is beginning to accelerate and will be putting great force on prices. The market's recent strength has pushed many prices right at key resistance. So I think it is very simple from here, if the recent strength has any legs you will see stocks like CSCO pushing towards 60; BRCM 240-250's, AMZN 45+; ARBA pushing hard through 145; pretty much a continuation of what we've seen the past week. Chart patterns overall look horrible so I'm skeptical. Regards, SO

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